Not really getting what you mean. I think Adam Smith would have been pro-LTV and laissez-faire, but the point there was he was working with not so great theory. Bad theory would generally lead to bad (i.e., destructive, counterproductive, etc) policy.

Belloc and Chesterton both proposed things which seemed to me (at the time) would be counterproductive and destructive. I could not get behind that policy, even if I do very much sympathize with their POV. In fact, I would probably advocate against the things they proposed.

Or, more likely, wracked my brain for better solutions. But I would not have advocated for their platform, as I do not think it would have improved the situation.